Stationarity without degeneracy in a model of commodity money

DOI10.1007/S00199-009-0459-8MaRDI QIDQ964465zbMATH OpenOpenAlexFDO

Authors Ricardo De O. Cavalcanti, Daniela Puzzello

Publication date 15 April 2010

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://mpra.ub.uni-muenchen.de/17125/1/MPRA_paper_17125.pdf

zbMATH Keywords

auctionscommodity money with linear adjustmentsmacroeconomics with heterogeneous savingsmechanism design

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Heterogeneous agent models (91B69)

Recommendations

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Cites work

• A Divisible Search Model of Fiat Money
• A theory of capital gains taxation and business turnover
• Bidding for money
• Contagion Equilibria in a Monetary Model
• Discrete time dynamics in a random matching monetary model
• Equilibrium Price Dispersion
• Fiat money in the Kiyotaki-Wright model
• Matching and anonymity
• Money and capital as competing media of exchange
• Money and storage in a differential information economy
• More on money as a medium of exchange

Cited in

(5)

• Commodity money in the presence of goods of heterogeneous quality
• Independent random matching
• Nominal uniqueness and money non-neutrality in the limit-price exchange process
• A uniqueness proof for monetary steady state
• On the observational equivalence of random matching

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